Life Insurance

Life insurance coverage choices. We are affiliated with Gradient Financial Group, a large national wholesaler. This affiliation allows you to select from 72 companies; allowing you to choose both the right product and the right cost for your goals.

Do you have a financial safeguard set up to protect your loved ones after you pass away? With a well-thought-out life insurance plan, you can do just that.

The purpose of life insurance is to help provide a measure of financial well-being for your family and loved ones when you are no longer there. With the purchase of a well-planned life insurance policy, you can help ensure that your family and loved ones will be taken care of.

Life insurance may provide you with an array of benefits such as providing for funeral costs and final medical bills, along with helping with life expenses for your dependents and/or survivors. BUT, what really sets it apart from other financial options is that it receives advantageous tax treatment unlike any other financial tool. Benefits include:

  • Death benefit proceeds on life insurance are generally not subject to income taxes.
  • In some instances, death benefit proceeds on life insurance may not be subject to estate taxes.
  • Policy loans may not be subject to income taxes.

As an independent insurance firm, we are able to shop dozens of insurance carriers to find the best rates and product solutions to fit your specific needs and goals. In addition, we offer complimentary reviews on your existing life insurance contracts.

Please keep in mind that most life insurance policies require health underwriting and, in some cases, financial underwriting.

Policy loans and withdrawals will reduce available cash values and death benefits, and may cause the policy to lapse or affect any guarantee against lapse. Additional premium payments may be needed to keep the policy in force. In the event of a lapse, outstanding policy loans in excess of unrecovered cost basis may be subject to ordinary income tax. Withdrawals are generally not subject to income tax, unless the withdrawal amount exceeds the amount of premium paid.